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His fund did not fold.

In fact, the returns were so astronomical that they took a $35B loss (around 67%) which means they were still UP 80% for the year in 2026.

Today they have around $10B under management.

As an investor, how would you feel about being up 80% for the year? Exactly. They're having a phenomenal year.

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This is only true if newer investors get pro-rata ownership of the Anthropic stake. If that position is side-pocketed, then any investors who were not there at the time of the Anthropic allocation are looking at around 90% loss on their investment.

He sold the fund to another buyer - it folded by every definition of the term.

He did not sell the fund. He sold the publicly traded portion of it.

He currently still has $10B under management.

What's the point of posting blatantly wrong details? It's pretty easy to look them up.

You can argue the semantics all you want and ignore the original premise of my comment - which is romanticising people who have perceived "foresight" is super weird.

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